38742 State Route 373, Greer, AZ 85927
For Sale
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This exceptional commercial property, located at 38742 State Route 373 in Greer, Arizona, presents a unique investment opportunity. Spanning over 2.54 acres of land, the property boasts a substantial 10,000 square foot building currently housing ten individual rental units and a restaurant. The picturesque setting, nestled amongst the pines with a seasonal creek at the rear, offers a tranquil and attractive location for tenants and patrons alike. While not currently operating at full capacity, the property's existing infrastructure and substantial size provide significant potential for future development and increased revenue generation. The ten rental units offer immediate income potential upon stabilization, while the restaurant space presents an opportunity for a variety of culinary ventures. The expansive acreage allows for potential expansion or the addition of further buildings, subject to local zoning regulations. Priced competitively at $1,500,000, this property represents a compelling investment for those seeking a high-return opportunity in a desirable location. The property's current condition offers a chance to renovate and optimize operations, maximizing its inherent value and potential for substantial profit. Serious inquiries are encouraged to explore this promising commercial venture.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
